question of chelsey : Can someone please help me with this accounting work ?!?
I need to know, would affect the accounts of these transactions: 1 Borrowed $ 6,000 from the bank 2. Paid $ 1500 for Miete3. Alison Dodds, the owner, invested $ 4,000 in Geschäft4. Purchased $ 800 of supplies on account of Percy’s Office Outfitters5. Sells for $ 1200 Bargeld6. Paid $ 160 for the monthly Telefonkosten7. Sold services on account for $ 2,500 to McNeil8 Saragh. Wages, $ 1,800 9.Alisha Dodds, the owner moved, $ 1,400 for personal Gebrauch10. Received a hydroelectric power plant accounting from Northern Utilities for $ 400, payable in 15 days, these are the accounts that may be affected: Bank / CashA/R- Sarah McNeilSanitätshäuserBankkreditA / P-Percy ‘s Office OutfittersA/P- Northern UtilitiesA. Dodds, capital here is an example: we get a loan from the Canada Trust for $ 100 000Bank goes bank loan rises please help thank Best Answer:

reply by Brad Son of Dad
I can help, but I will answer you, so you learn können.A / R claims. Sales invoices and customer payments for bills can be found here. People pay Sie.A / P Accounts Payable. Vendor invoices and make payments on it here. You pay ihnen.Jedes time they say “because” it means that it hit either A / P or A / R Capital is the equity of the company. The owner can withdraw money from the company, if they so wünschen.Ich bet there are more opportunities than the accounts that you listed. I do not see “rental expenses” or “sales” and I know you need it treffen.Hope this get on the right track. Look at your book for everything!

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Question by thewordsicantsay: Can someone help me with adjusting journal entries please? I am desperate!?
I am doing a 10 page accounting assignment and am really struggling with some of the questions, so if anyone could help me out I would be really thankful. I have already asked some questions and people have helped me out and I really appreciated it, so if I could just getting a little more help it would be great. For all of the questions assume I am doing the adjustments at year end on dec 31 2009. And if you could show me how you got to the answer you got it would really help me cause hopefully I will then understand how to do it.

1)A loan of $ 70 000 was obtained november 2009 to help with purchase of equipment. The interest rate on the loan is 7% and is automatically deducted from your bank account on the last day of each month. Principle payments are $ 16 000 per year paid on oct 31 starting in 2010. You review the dec 2009 bank statement and the ledger and note that the december interest payment has been recorded appropriately.

(does this mean that no adjusting entry has to be made or am I completely missing something)

2) the company recieved $ 5000 on dec 20 2009 for a party to be held on jan 15 2010. The company recorded the amount as follows:
dr. cash 5000
cr. sales 5000

3) The amount on hand at the end of 2008 was 218,750 units valued at $ 398,125 or approximately $ 1.82 per unit. The company uses the perpetual method for inventory and an FIFO cost flow assumption to calculate inventory and cost of sales. Purchases during the year are as follows:

May 2009 825,000 units at 1.95
October 2009 737,000 units at 2.08
The inventory count at December 31, 2009 resulted in 252,500 units. No adjustment has been made to inventory for the inventory count results

Best answer:

Answer by EJ (Philippines)
Answer:

1. You’re correct. No entry is necessary.

2. We need a correcting entry here. It cannot be recognized as revenue yet since the service has not been performed.
(Dr) Sales $ 5000
(Cr) Unearned revenue $ 5000

3. We need to recognize the physical count here to properly account for the cost of goods sold.

(Dr) Inventory $ 525200
(Cr) Income Summary $ 525200
252500 * 2.08

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question of thewordsicantsay : Help with accounting journal entries
I’m doing a 10 page accounting assignment and I am really struggling with some of the questions, so if someone could help me I would be really grateful. I have already asked a few questions and the people who helped me, and I really appreciate it, so I could help just getting started a little more, it would be great. For all questions I make the adjustments as of year end to 31 December 2009. And if you show me how to answer you it would really help me cause I hope I will understand then how was it to do hat.1) Loan # 2 $ 70,000 receive November 2009, with the acquisition of equipment to help. The interest rate on the loan is 7% and is automatically deducted from your bank account on the last day of each month. Principle payments are paid $ 16,000 per year in 2010 starting on October 31. Check the December 2009 bank statement and the general ledger and note that the December interest payment was recorded accordingly. (Does this mean that no adjustment shall be made entry, or am I totally missing something) 2) the company $ 5,000 was awarded to 20 December 2009 for a 15th party January 2010. The company recorded the amount as follows: dr. Cash 5000cr. Turnover 50 003) The amount on hand at the end of 2008 was 218 750 units, valued at $ 398,125 or approximately $ 1.82 per unit. The company uses the perpetual method of inventory and a FIFO cost flow assumption to inventory and cost of sales to calculate. Purchases during the year are as follows: May 2009 825.000 units 737 000 units in October 2009 at 1.95 to 2.08 Inventory 31 December 2009 resulted in 252 500 units. No adjustment is made for inventory inventory results Best Answer:

reply by Sandy
1) Loan # 2 $ 70,000 was received November 2009, to assist with the purchase of equipment. The interest rate on the loan is 7% and is automatically deducted from your bank account on the last day of each month. Principle payments are paid $ 16,000 per year in 2010 starting on October 31. Check the December 2009 bank statement and the general ledger and note that the December interest payment was accordingly aufgezeichnet.Ich think, you do not have any tickets because they tell you that the 9th December interest recorded in accordance with both the statement and the general ledger. 2) the company received $ 5000 on 20th December 2009 for a 15th party January 2010. The company recorded the amount as follows: dr. Cash 5000cr. Sales 5000Dieser was amount is not sales, so you have to, that sales to reverse entries and take it as an advance payment for entertainment: Dr revenues $ 5,000 Cr Advance received $ 5000 (current liability) Come January 15, if you pay the caterer for the party , would you: Dr. Advance received $ 5,000 Cr Cash $ 50,003) the amount on hand at the end of 2008 was 218 750 units at $ 398,125 or approximately $ 1.82 per unit assessed. The company uses the perpetual method of inventory and a FIFO cost flow assumption to inventory and cost of sales to calculate. Purchases during the year are as follows: May 2009 825.000 units 737 000 units in October 2009 at 1.95 to 2.08 Inventory 31 December 2009 resulted in 252 500 units. No adjustment is made for inventory, the inventory results if you make a year-end adjustment for the inventory, you must use the periodic, not eternal, method. In any case, had the following for sale: January 2009 218.750 825.000 units $ 398,125 May 2009 $ 1,608,750 Unit october 2009 737 000 units of $ 1.78075 million units 1.532.960Insgesamt; $ 3.539.835Wenn inventory led to 252 500 units, FIFO, if all 252 500 units of most recent purchase came in October 2009, the cost of ending inventory = 252 500 units x 2.08 = $ 525,200 and $ 3,539,835 Cost of sales = – $ 525,200 = $ 3.014.635.Vorausgesetzt you have a product to take inventory, Dr. COGS $ 3.014.635Cr Merchandise inventory $ 3,014,635

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question of augustrush : help with paying tuition fees ?
okay well my family is a refugee my sisters are currently in university in my oldest sister and my 2nd Brock University oldest in McMaster. We were informed that we will as a permanent resident of Canada in October are excluded, but it was my mother who was adopted instead of us. So my sisters can not get the credit for their substitution. maturity is 15 January and if they do not pay them thrown out. I really do not know that they kicked in, so I was wondering was whether there is a quick way to pay it cuz it 5 January at the moment so I just 10 days that I really am I desperate. Best answer :

reply ????
go to the bank and ask for a student loan or a personal one.

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Question by Corey: Desperatly need help!! Involves my spine!!!?
Within the last year I’ve had lumbar surgery without fusion. The discs involved were L4/L5?( Not to sure but the ones at your ass bone ) The surgery was a major sucess. All was well, I was working out after 3 months, no more pain, feelin great and stupid sciatic nerve was finally relieved….So 8 months after the surgery my dad calls me and offers me a job working for a major co-orporation making big money so I can pay off my loans, buy a ring and start a family with my beautiful girlfriend. I’ve just finished my second week there ( which only involves bending and lots of heavy lifting ). I was advised after the surgeon released me, no bending, twisting, or heavy lifting. Anything could set it off. So about 2-3 days ago little shots of pain started again down my right side, in my thigh, behind my knee, in my buttocks, in my foot. These are all the same places as the pain from the initial ruptures. But the pain goes away after just a few seconds. What the hell do I do? If I quit and move home it’s 3 hours away, my dad’s rep is ruined, I look like an idiot and my girlfriend dropped out of college for nothing. I’m freaking out right now. The only positive is that when I wake up in the morning, there are no weird feelings, there is no pain, and I am able to function almost completely normally. Help me please what do I do? Is it possible to rupture a disc they have operated on and continue on with daily life without surgery?? Someone please help me!!!

Best answer:

Answer by ME!
Of course it’s possible to rupture a disk they’ve operated on. They didn’t make it bullet proof, they just made it better.

The way i see it, you have 2 options:

1) You can go to the doctor, have them do an evaluation, and come out with them saying you need X Y and Z done before you do anything else. That’s a best case scenario. Worst case is that you’re back is screwed, and they have to go back in and fix something, putting you in the worst predicament you can think of, and that you described already.

2) You can take a big tall glass of man-up, and make everyone happy but you.

I would recommend the first one, for you sake, and for health reasons, but it could possibly put the rest of your life in another direction.

The second option isn’t ideal, but everyone else stays happy.

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question of seedyweedys : My husband had a heart attack, now we are penniless, you can help ?
He had a heart attack last summer. We had just moved for a new community. He had no hours for unemployment because he quit his job to move here. Eight weeks without income. We took another loan to pay catch up and play. He went back to work just to have more heart problems .. more time from work. Then broke both of our vehicles, exhausted visa.He working only 4 hours 5 days a week. now his pay day was on the draft we have to pay any money with the food or bills. We have three children at home. I have minimal education and no real work experience. We live in a rural area where jobs are not plentiful. Any advice on what to do myself. I am sick with worry, no where to go Best Answer:

reply from abc
receive from welfare to tide you over to help at least with food and shelter ……. You and your husband are the very people who should get help, you have paid into the system and now you need help ….. maybe you could babysit to make some extra money

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question of wolffen5 : Help … I can pay rent now
Ok, I’ve run into a hook financially. By stupid of me with payday loans, I do not have enough to pay rent. I’ve already paid my rent $ 290 $ 630, but need some more. So my request / question is … how do I go about this deal to ask friends and family have already said no, and with bad credit due to bankruptcy, how can I back out of all this WITHOUT credit counseling and / or bankruptcy. I need money to pay rent … soon. I cannot find a co-signor said like all people I have asked no. so help … Practical solutions would be welcome … Best Answer:

reply Nicklen
you have everything you could sell? Craigslist is good, and you can also “iSoldit” If you sell things for you on Ebay for 1 / 3 of the money you suchen.Versuchen you to donate blood, you can sometimes up to 40 dollars in the second or third time you spenden.Schauen you in an employment agency for additional work and you will end the week worked to be paid. You must set aside at least 7 days because they pay you next Monday is the Regel.Thats about them =) You could ask your landlord for an extension to give you more time with the money.

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question of holly berries : Do you need help getting money cause of bad credit .?
I am here in search of some serious help. I looked at my credit score, and it was a 521st Now I know why, and I try, things paid off. Slowly, but they are paid. I am currently in the 7th Months pregnant, and my job is hits me pretty hard. I work in a casino, and I run pretty much separate the little they have, and I get no breaks, and we are inundated with busloads of people every night. I guess what I am trying to say is that mine is so bad and that my bank can not loan me money so I can take a few days out of this place before it takes me to work. Now my work has not paid after the baby is born, so I keep my 2 weeks when the baby is born have paid. I just need to know it is at all out of money to these payday loan places will cause I refuse to get to do that. I want something real, and that can help my credit card because it’s pretty crappy Best Answer.

reply / – | | $ / / [-R
You do not need a loan, it only increases your burden. You must increase your cash flow. This should be durchgeführt.Der first step by increasing your income and / or reduce costs in order to make a list of all your expenses, then start trying to eliminate them.

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Question by truble4jaelynn: I am in need of finacial help?
I have managed to bury myself in alot of debt. Credit cards, medical bills and payday loans. My credit score is considered poor. Is there any help for someone like me. No scams, no out of the country help..just good sound financial help for someone with poor credit.

Best answer:

Answer by mac
You have to total the amount of debt you’re in–and then realistically figure out how much you can actually pay on that debt ALONG with your other living expenses–rent, food, utilities. If your monthly living expenses basically wipes out your salary that you have nothing left to pay down the above “extra debt” you have only a few options.
1; Get another source of income- a second job on weekends and use that money solely for paying off your debt.
2. Absolutely no more buying of any kind other than food.
3. You have to contact the above creditors and give them a “plan”- you have to figure out how much you can actually pay each credit card per month and the payday loans–fortunately, your medical bills do not harm your credit so they can wait.

If you can’t do this on your own, there is consumer credit counseling centers in every city that are non profit but once you go to them, you must abide by their rules- you will be giving them your money to pay your bills………your last choice is bankruptcy–that’s something you have to talk to a lawyer about…good luck to you.

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question of KJ : HELP! Need a quick loan with bad credit ASAP?
Is there anywhere to get a quick $ 1,000 credit if you have bad credit? Need places in North Rhine-Westphalia (all alternatives to payday loan companies) Please help Sie.Dankeschön Best Answer:
finance

answer by She
try a small local company, it will have a higher APR but you have a better chance of approval.

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